Limit order

A limit order is placed in the order book and executes at your specified price or better — it's not meant to execute instantly.

Example 1: BTC/USDT is at 80,000 USDT and you place a limit buy at 75,000 USDT. Your order sits in the order book and executes once matching sell orders reach 75,000 USDT.

Example 2: BTC/USDT is at 80,000 USDT and you place a limit buy at 85,000 USDT. Because your limit is above the current market price, the order initially acts as a market order, filling at available prices up to 85,000 USDT (taker fee applies). Any unfilled remainder stays open as a limit order in the order book (maker fee applies).

Note: If there are no or not enough matching orders, your limit order may not execute or may only partially execute.

Advanced limit orders (Time in Force)

• Good 'til Cancelled (GTC) — Default. The order stays active until executed or manually cancelled. Useful when you want to set a target price and wait. 
• Immediate or Cancel (IOC) — Executes immediately as much as possible; any unfilled portion is cancelled. Useful when you want partial fills but no open orders left behind. 
• Fill or Kill (FOK) — Must execute in full immediately or it's cancelled entirely. Useful when you need the full amount filled or nothing at all.

Market Order

A market order buys or sells at the best available price in the order book.

Slippage protection

Slippage means you may get a worse price than the current best bid or ask. This setting caps how far execution can move, as a percentage from the best bid (for sells) or best ask (for buys). Market orders may be converted into Immediate-or-Cancel limit orders at that cap, so they can fill partially or not at all.

You can adjust your maximum deviation from 0% to 5% under Profile → Settings.

If you have any questions, our Customer Care team is happy to help.